The Nifty opened at 14749.40 with a gap up of 53 points. The index recorded its intraday high near the opening tick and started drifting downwards. Prices have consolidated in the afternoon session after recording its intraday low at 14591.90. Finally, the index ended below 14700 at 14677.80 with a loss of just 18.70 points. All the sectoral indices have closed lower except FMCG which ended with a gain of more than 2%. Metal continued its underperformance and ended with a loss of 3.76%.
The Nifty swung between gains and losses in a volatile trading session. The index has support around 14400 and resistance around 15000. As mentioned earlier, A big trade will emerge on the breakout of these levels.
Buying opportunity will emerge if Nifty finds support around 14400 or if the index closes above 15000.
The long term trend continues sideways while long term momentum has reached within the strength zone.
Bank Nifty opened at 32495.16 with a minor gap up. The index recorded its intraday high at 32622.65 in the first give minutes of trading and then started moving down. Prices continued that momentum for the whole day and closed lower at 32169. PSU and Private Banks both have seen a decline and closed lower by 2.03% and 0.86 % respectively. Within the index, ICICI Bank contributed highest while HDFC Bank the lowest.
Bank Nifty continued recorded a trend day on the downside and ended near 32000 support. A trading range with support around 32000 and resistance around 33500 remained intact. A close below this range may lead to another decline of 1500 points towards the next support at 30000
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|ITC||212.25||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 209 and for the target 217|
|LT||1415.50||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1395 and for the target 1440|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|NESTLE||17200 CE||BUY||320||CMP||200||500||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|PIIND.21.05 May||2709.05||0.99||28.92||454750||FINNIFTYW.21.05 May||15425.25||-0.73||75||840|
|BERGEPAINT.21.05 May||753.05||2.45||11.98||3454000||PIDILITIND.21.05 May||1873.05||-0.41||29.55||2518500|
|ASIANPAINT.21.05 May||2783.05||8.71||11.06||5430600||APOLLOTYRE.21.05 May||208.5||-6.14||19.53||21632500|
|UPL.21.05 May||745.05||7.61||9.99||21526700||ESCORTS.21.05 May||1154.95||-1.52||19.25||3318150|
|CIPLA.21.05 May||906.5||0.68||7.97||18112250||BANKNIFTY.21.05 May||32202.9||-0.98||13.34||1536950|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|VOLTAS.21.05 May||1002.65||3.08||-12.22||3384500||BHEL.21.05 May||68.15||-4.95||-11.39||94972500|
|CHOLAFIN.21.05 May||527||0.65||-10.47||6341250||CADILAHC.21.05 May||619||-4.8||-7.69||21549000|
|BIOCON.21.05 May||390.6||0.89||-5.81||18857700||PVR.21.05 May||1162.2||-1.81||-5.93||1561659|
|BRITANNIA.21.05 May||3509.7||2.24||-4.85||1672000||CONCOR.21.05 May||572.65||-4.53||-5.62||6694329|
|ITC.21.05 May||213.85||4.7||-3.14||94755200||ONGC.21.05 May||113.35||-1.86||-3.24||44552200|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Tata Consultancy Serv Lt||3051.5||-1.17||2043935||1219688||61.65||Nifty Fmcg||34781.5||2.13||101700|
|Hindustan Unilever Ltd||2376.85||2.06||1388970||1186246||57.75||Nifty Energy||18652.95||-0.34||101700|
|Hdfc Bank Ltd.||1386.85||-0.9||5302071||3933052||57.1||Nifty Bank||32169.55||-0.87||101700|
|Infosys Limited||1316.4||-0.8||4824609||2933912||55.97||Nifty it||25588.2||-1.03||101700|
|Sbi Life Insurance Compa||978.4||0.57||1331063||1958021||55.73||Nifty Pharma||13885.5||-1.28||101700|
|Kotak Mahindra Bank Limi||1706.65||-0.71||2937892||1713315||53.85||Nifty Auto||9810.45||-2.03||101700|
|Bajaj Auto Limited||3848.8||-0.68||481619||268416||53.7||Nifty Realty||300.45||-3.19||101700|
|Icici Prudential Life In||560.15||0.75||2324690||1112227||53.27||Nifty Metal||5091.35||-3.76||101700|
UPCOMING ECONOMIC DATA
|INR: WPI Inflation (YoY) (Apr) on 17th May, 2021||•USD: Building Permits (Apr) on 18th May, 2021
•USD : Crude Oil Inventories on 19th May, 2021
|•Larsen & Toubro Ltd.’s fourth-quarter profit rose beating estimates as its order flow remained higher than its quarterly average. Net profit of India’s largest engineering-to-construction company increased 24.8% over last year to Rs 3,281 crore in the quarter ended March, it said in its exchange filings. That compares with the Bloomberg consensus estimate of Rs 3,043 crore. Revenue rose 8.7% over last year to Rs 48,087.9 crore, compared with the consensus estimate of Rs 48,602 crore. The company received fresh orders worth Rs 50,651 crore in the fourth quarter.
•Maruti Suzuki India Ltd (MSIL), the country’s largest passenger vehicle manufacturer, might report a swift recovery in volumes and operating margins in the second half of this fiscal year when the explosive rise in cases of covid-19 infections is expected to abate. Continued shift towards personal mobility, introduction of new products and a faster recovery in rural areas might fuel the recovery, according to analysts of brokerage firms.
•Cipla Ltd.’s quarterly profit fell, missing estimates. The drugmaker’s net profit fell 45% quarter-on-quarter to Rs 413.38 crore in the quarter ended March. Analysts compiled by Bloomberg had estimated the metric at Rs 621.3 crore. Revenue fell 11% sequentially to Rs 4,606.45 crore, compared with the Rs 4,999.3-crore estimate.
•Net profit of Just Dial declined 55.87% to Rs 33.57 crore in the quarter ended March 2021 as against Rs 76.07 crore during the previous quarter ended March 2020. Sales declined 25.23% to Rs 175.68 crore in the quarter ended March 2021 as against Rs 234.95 crore during the previous quarter ended March 2020.
•Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|3IINFOTECH||Audited Results||17-May-21||GRSE||Final Dividend;Audited Results||17-May-21|
|ASITCFIN||Audited Results||17-May-21||ICIL||Final Dividend;Audited Results||17-May-21|
|ATVPR||A.G.M.;Audited Results||17-May-21||MRPL||Audited Results||17-May-21|
|BHARTIARTL||Audited Results||17-May-21||ORIENTCEM||Final Dividend;Audited Results||17-May-21|
|BUTTERFLY||Audited Results||17-May-21||RBL||Dividend;Audited Results||17-May-21|
|COLPAL||Audited Results||17-May-21||SHAKTIPUMP||Quarterly Results;Dividend||17-May-21|
|FEDERALBNK||Final Dividend;Audited Results||17-May-21||SUBEX||Final Dividend;Audited Results||17-May-21|
|GLAND||Audited Results||17-May-21||SURAJLTD||Audited Results||17-May-21|
|GOKULAGRO||Audited Results||17-May-21||WABCOINDIA||Final Dividend;Audited Results||17-May-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|OFSS||17-May-21||Interim Dividend – Rs. – 200.00||VISAKAIND||18-May-21||Final Dividend – Rs. – 10.00|
|CAPPL||18-May-21||Interim Dividend – Rs. – 1.50||GCCLINP||19-May-21||E.G.M.|
|COFORGE||18-May-21||Interim Dividend – Rs. – 13.00||IRBINVIT||19-May-21||Income Distribution (InvIT)|
|MEGH||18-May-21||Amalgamation||POWERINDIA||19-May-21||Dividend – Rs. – 2.00|
|MEGH||18-May-21||Spin Off||GREENCREST||20-May-21||Consolidation of Shares|
|SUNDRMFAST||18-May-21||Interim Dividend – Rs. – 3.40||IRCON||20-May-21||Bonus issue 1:1|
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